Turkcell and Partners Announce Plans for a Joint Venture Company to Achieve Greater Fixed Broadband Penetration
July 27 2016 - 3:18PM
Business Wire
At a press conference held in Istanbul, Turkey’s alternative
ISPs announced plans to work on a joint venture company. Turkcell
Superonline – a wholly-owned subsidiary of Turkcell (NYSE:TKC)
(BIST:TCELL) – Vodafone Turkey, TurkSAT and members of TELKODER
(Telecommunication Operators Association) launched negotiations for
the JVC with the aim of investing more efficiently in Turkey’s
fixed broadband infrastructure.
The eventual creation of the Joint Venture will allow the
efficient use of existing infrastructure, and create better
conditions for future investments by removing the need for
duplicate infrastructure-building. The industry as a whole will
benefit from fairer conditions in investment and in provision of
services, while the Turkish economy’s resources will be used more
efficiently as ultrafast broadband penetration increases.
In their joint declaration, the companies stated:
“A fully digital future for our country is indispensable, and
this is the vision which leads us to launch this initiative. Our
goal is to ensure that fast broadband services are widespread,
high-quality and affordable. This initiative is open to all
companies in our country’s telecommunications landscape and we are
confident that both public and private sector players will support
it. We also believe that the vast majority of society will support
our effort which aims to contribute to a brighter digital future
for our country.”
Turkcell has been at the forefront of efforts to improve the
efficiency of fixed broadband investments, with Turkcell CEO Kaan
Terzioglu calling for a joint venture for fixed broadband
connectivity as early as September 2015.
Speaking at a conference call with Turkcell’s investors
following the announcement of Turkcell’s 2nd Quarter results,
Terzioglu said:
“We marked a milestone in the telecommunications sector today,
serving Turkey’s broader 2023 economic targets. We have taken a
significant step in forming an infrastructure company with a vision
of ensuring efficient use of resources while establishing a fair
and competitive environment. The alliance members constitute 55% of
the Turkish telecommunications industry’s revenue. Our objective is
to make sure that 21 million more households in Turkey reach a
viable ftth solution,” said Terzioğlu.
Turkcell had previously announced that Turkey could save up to
12.6 billion USD if 3 major operators were to invest jointly rather
than separately.
Turkcell’s subsidiary Turkcell Superonline is currently the
largest alternative ISP and the market leader in fiber-to-the-home
(FTTH) in terms of customer number with 965 thousand subscribers.
Turkcell Superonline has 2.5 million fiber home passes and 39%
take-up rate.
ABOUT TURKCELL: Turkcell is a converged telecommunication
and technology services provider, founded and headquartered in
Turkey. It serves its customers with voice, data, TV and
value-added consumer and enterprise services on mobile and fixed
networks. Turkcell launched LTE services in its home country on
April 1st , 2016, employing LTE-Advanced and 3 carrier aggregation
technologies in 81 cities. In 2G and 3G, Turkcell’s population
coverage is at 99.80% and 95.14%, respectively, as of June 2016. It
offers up to 1 Gbps fiber internet speed with its FTTH services.
Turkcell Group companies serve 66.5 million subscribers in 9
countries – Turkey, Ukraine, Belarus, Northern Cyprus, Germany,
Azerbaijan, Kazakhstan, Georgia, Moldova – as of June 30, 2016.
Turkcell Group reported a TRY3.4 billion revenue with total assets
of TRY28.6 billion as of June 30, 2016. It has been listed on the
NYSE and the BIST since July 2000, and is the only NYSE-listed
company in Turkey. Read more at www.turkcell.com.tr
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version on businesswire.com: http://www.businesswire.com/news/home/20160727006432/en/
Turkcell Corporate Communications – International MediaHande
Asik, +90-532-210 6471hande.asik@turkcell.com.tr
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